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Total private wealth in Africa is currently worth $2.1 trillion, according to the Africa Wealth Report 2022.

Most travelers have almost no say over which passport they hold, but American citizens are lucky in that their travel documents open a lot of doors.

“The passport you hold determines your fate and dramatically impacts the options you have,” says Dr. Christian Kaelin.

As myriads of China’s high-net-worth (HNW) individuals look to relocate, over 500 of them are expected to come to Singapore — bringing with them at least US$2.4 billion worth of capital inflows for the city-state.

According to the ‘Henley Global Citizens Report’, wealthy investors are on the move again, with 88,000 millionaires expected to move by the end of 2022.

“In the future, states will compete more fiercely for the most interesting citizens and taxpayers,” Dr. Kälin is quoted as saying in an interview with Die Weltwoche.

As recently as 2017, Asian countries barely featured among the world’s 10 most-accepted passports

The latest Henley Passport Index shows how country-based travel restrictions have changed the passport pecking order.

Japan, Singapore, and South Korea have the most powerful passports as the world continues to recover from COVID-19, reversing pre-pandemic rankings that were dominated by European nations.

Japan, Singapore and South Korea have the most powerful passports as the world continues to recover from Covid-19.

The UK passport has dropped in a ranking of the world’s most powerful passports, placing in joint sixth place on the annual list.

Indian passport's rank, however, stood 87th on the list with access to 60 countries. The country's passport now has access to almost the same number of destinations as it had during the pre-pandemic era.